Nov 13, 2019 | Monthly Commentaries
“If you think this has a happy ending, you haven’t been paying attention.” Ramsay Bolton In the game of thrones, you win, or you die. In the game of loans, death is unlikely, but great pain and suffering could be in store for some players. Fuelled by strong investor...Oct 9, 2019 | Monthly Commentaries
“If you consider the contribution of plumbing to human life, the other sciences fade into insignificance.” James P. Gorman (CEO Morgan Stanley) The repo market is often referred to as the plumbing of the financial system. And much like the plumbing in your house, it...